Airline stocks take off as COVID-19 restrictions ease, more travelers fly TSA data show a 5th-straight week of increasing travelers per day; Germany’s TUI plans to resume flights in JulyShares of airlines took flight Tuesday, amid growing investor optimism over the easing of COVID-19 related lockdown restrictions and as government data showed a continued increase in air travelers.

Coronavirus update: Global case tally passes 5 million; U.S. scientist says don’t rely on a vaccine, job losses continue Macy’s issues a sales warning for the first quarter, but Best Buy profit and sale fall less than expected and BJ’s beats estimatesThe global case tally for the coronavirus that causes COVID-19 passed 5 million on Thursday after the biggest one-day increase since the start of the outbreak, as a top U.S. scientist cautioned that people should not rely on a vaccine and the labor market continued to show massive job losses.

Expedia stock gets a downgrade after earningsExpedia Group Inc. shares are down 0.6% in Thursday morning trading after the company . "Like its online travel peers, Expedia reported tepid 1Q numbers and articulated a 2Q outlook that likely sees things get worse before they get better," wrote Evercore ISI analyst Lee Horowitz, who downgraded Expedia's stock to in-line from outperform after the company's Wednesday afternoon earnings report. Horowitz said that the company saw a bottom in "volume degradation" in March and April and that volume for its Vrbo vacation-rental business was doing better than for hotel-oriented businesses, Expedia was also "quick to caution that dollar volume improvement is not yet meaningful as the industry recovers from a steep trough." He cut his price target to $85 from $130 in conjunction with the downgrade. Expedia shares have fallen 34% over the past three months as the S&P 500 has lost 11%

Dow ends 369 points higher as investors focus on American economy reopening Facebook, Amazon rally to new all time highs. S&P 500 ends at 10-week high Wednesday, following upbeat quarterly results from retailers Target and Lowe’s that kept investors focused on American businesses reopening with the coronavirus pandemic beginning to recede.

Expedia stock ticks higher after quarterly resultsExpedia Group Inc. shares ticked higher in the extended session Wednesday even after the online travel site's quarterly loss came in wider than expected. Expedia shares rose 2.8% after hours, following a 4.2% rise in the regular session to close at $79.58. The company reported a first-quarter loss of $1.3 billion, or $9.24 a share, compared with a loss of $103 million, or 69 cents a share, in the year-ago period. The adjusted loss was $1.83 a share. Revenue declined to $2.21 billion from $2.26 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of $1.26 a share on revenue of $2.21 billion. "Like all travel companies, Expedia Group suffered a major reduction in business since the onset of COVID-19," said Peter Kern, vice chairman and chief executive, in a statement. "Fortunately, we were ahead of the game having implemented cost savings measures earlier this year, and with the added pressure from COVID-19 we accelerated and expanded our ambition on improving our long-term cost structure."

Expedia stock drops after Jefferies downgradeShares of Expedia Group Inc. are off more than 2% in premarket trading Tuesday after Jefferies analyst Brent Thill cut his rating on the stock to hold from buy. The downgrade comes a day after Expedia's stock climbed 18.6% and . Thill is worried that the travel industry is unlikely to see a V-shaped recovery based on his analysis of web traffic and flight cancelation data. He said that consensus estimates assume Expedia will fully recover to its pre-pandemic levels by the beginning of 2023, a view he finds to be too optimistic. "We recommend a patient approach to owning travel, as past cycles show it can take 3-5+ years for fundamentals to fully recover," Thill wrote. He said that U.S. Travel Association data show that international travel to the U.S. after the Sept. 11 attacks didn't rebound to their pre-9/11 levels until Feb. 2007. Thill cut his price target to $85 from $100 on the stock, which has lost 35% over the past three months as the S&P 500 has declined 13%.

Dow rises more than 900 points, books its biggest daily advance in 6 weeks on coronavirus vaccine hope Fed’s Powell says don’t ‘bet against American economy’ — even as unemployment could rise to 25%U.S. stocks finished sharply higher Monday on optimism that the American economy might be percolating again, while the medical community works toward a potential Covid-19 vaccine.

Expedia stock soars toward best day since 2012Shares of Expedia Group Inc. are up 20% in Monday trading and on track for their largest single-day percentage gain since July 27, 2012, according to Dow Jones Market Data, when the stock increased 20.1%. The rally comes on an upbeat day for U.S. markets following encouraging early trial results for Moderna Inc.'s [S: MRNA] coronavirus vaccine, which helped fuel hopes about the eventual return to normalcy. Expedia's shares have lost 34.2% over the past three months on concerns about global travel demand and the company is due to detail business trends during its Wednesday afternoon earnings report. Expedia's stock has lagged the S&P 500 over a three-month span as the index has dropped 12%. "While our forecasts head lower, we do see some signs of encouragement in the macro backdrop, as states begin to reopen and third-party data providers continue to report improving U.S. hotel data, with occupancy exceeding 30% in the first week of May (though we caution that non-tourist demand generators such as government-contracted rooms for essential workers and the homeless are likely driving some of the reported occupancy recovery)," Wells Fargo analyst Brian Fitzgerald wrote in a note to clients Monday while cutting his estimates for Expedia.

Alibaba, Walmart and Target are about to show retailers’ view of the pandemic Earnings Watch: Walmart and Target will show early effect of pandemic on U.S. retail, but don’t expect forecastsU.S. retail companies will be eagerly watching Alibaba Group Holding Ltd.’s Friday morning report, when the Chinese e-commerce giant will show what it was like to operate in the heart of the COVID-19 outbreak and emerge on the other side.

John Malone Has a Great Investing Record. Here’s How to Play Along.
The shutdowns from Covid-19 have hurt businesses like the Atlanta Braves and Formula One, while SiriusXM has been more resilient. But the stocks are trading at big discounts.

Expedia stock gains after upgrade: 'April is likely the bottom for travel'Shares of Expedia Group Inc. are up 3% in Friday morning trading after JMP Securities analyst Andrew Boone upgraded the stock to market outperform from market perform and set a $92 price target. He's encouraged about the company's trajectory after it announced a roughly $4 billion capital raise and named a new chief executive. "Prior to this announcement, we feared that Expedia would choose a new leadership team which would disrupt the company's strategy again," Boone wrote. "This is not the case, as newly-named CEO Peter Kern was managing day-to-day operations and Eric Hart has been acting CFO since December 4, 2019." He wrote that while the timing of a rebound for the travel industry is uncertain amid the pandemic, "April is likely the bottom for travel" and he sees a "multi-year tailwind" for Expedia as the industry recovers. Shares have lost 42% over the past three months as the S&P 500 has dropped 15%.

Coronavirus update: Hong Kong study says China’s true case tally is likely four times as high as officially reported numbers Gap has stopped paying rent totaling about $115 million in North America, and Domino’s Pizza beats sales and profit views in latest quarterChina’s constantly shifting methodology for counting the number of cases of the coronavirus that causes COVID-19 has led it to greatly understate the numbers and the true tally may be four times the official figures, according to a new study by researchers in Hong Kong.

Expedia to raise $3.2 billion in new capitalShares of Expedia Group Inc. rose 1.3% in premarket trading Thursday after the online travel services company said it was raising $3.2 billion in new capital, in an effort to boost financial flexibility and liquidity. Separately, the company said it response to the impacts of the COVID-19 pandemic on its business, it will implement furloughs and reduced work week programs, suspend matching 401(k) contributions and the CEO and board members will forgo cash compensation for the rest of the year. The new capital will consist of $1.2 billion in a private placement of perpetual preferred stock and $2 billion in new debt financing. Apollo Global Management Inc. and Silver Lake are providing the equity investment. Separately, the company named Vice Chairman Peter Kern as its CEO and Acting CFO Eric Hart as permanent CFO. The stock, which was little change in premarket trading, has tumbled 46.0% over the past three months, while the S&P 500 has lost 15.8%.

‘Cataclysmic!’ Billionaire Barry Diller says everybody should be bailed out Barry Diller, chairman of Expedia Group and IAC/InterActive visited CNBC to talk about his view that the government needs to step in and save all the companies that have been hammered by the coronavirus shutdown.

The stock market has been on a roller coaster for 2 months — but the S&P 500 is down only 2% over 12 months. Here are the big winners. Tech has climbed 16%In times like these, a longer-term perspective can help.

These stocks rose the most Wednesday, as laggards from previous trading sessions bounced back The S&P 500 Index was buoyed by the real estate, energy and utilities sectorsThe S&P 500 Index was buoyed by the real estate, energy and utilities sectors.

3 S&P sectors climbed this week — here are the stocks that rose and fell the most Investors anticipate an oil production deal between Saudi Arabia and RussiaInvestors anticipate an oil production deal between Saudi Arabia and Russia.

These U.S. stocks fell the most April 1 after Trump turned grim on coronavirus forecast Utility, real estate and financial stocks led the declines as three major indexes drop 4.4%Utility, real estate and financial stocks led the declines as three major indexes drop 4.4%.

Stocks rocket to notch third daily gain in a row on expectations of strong stimulus Jobless claims surged to 3.28 million last week, easily topping the previous record, due to coronavirus epidemicU.S. stocks roared higher Thursday, with the Dow up for a third straight day, despite a report from the Labor Department that showed unemployment claims soared to a record 3.28 million last week, as the coronavirus pandemic shut down businesses across the nation.

Expedia stock falls after Goldman Sachs turns bearishExpedia Group Inc. shares are off 6% in premarket trading Thursday after Goldman Sachs analyst Heath Terry downgraded the stock to sell from neutral. While he acknowledged that there was risk to downgrading Expedia's stock with travel widely understood to be in a "depressed state," he sees a high risk that investors "may be overly optimistic about the prospects for a sharp recovery in online travel or Expedia's ability to fully participate given the company's balance sheet and the need to reduce costs and investments." He expects that Expedia will manage its balance sheet by cutting marketing costs and accelerating a reduction in headcount, and negotiating debt covenants, among other things, but he is worried that the company's actions could hinder its competitive positioning. "We see Booking Holdings as best positioned in the space for the eventual recovery, with its more favorable mix of business and stronger balance sheet," Terry wrote, as he has a neutral rating on that stock. Expedia shares have lost 35% over the past month, while Booking's has dropped 19% and the S&P 500 has fallen 21%.

What Apple, Microsoft, GE and other U.S. companies are saying about the coronavirus outbreak Coronavirus is the dominant theme in earnings releases and on companies’ conference calls as investors seek to gauge its impact on corporate resultsThe new coronavirus that was first identified late last year in Wuhan, China, is a dominant theme in the earnings releases and conference calls of S&P 500 companies as investors press for answers on how it will impact their business.

These 64 stocks in the S&P 500 fell at least 20% on Monday as the coronavirus panic intensified Retailers were hit especially hard after extraordinary action by the Federal Reserve did little to calm investorsRetailers were hit especially hard after extraordinary action by the Federal Reserve did little to calm investors.

Should I cancel my flight? Does recirculated air on a plane spread coronavirus? Here’s what you need to know before traveling Travelers mull over plans in light of COVID-19: ‘My trip is not as important as someone else’s health’Travelers mull over plans in light of COVID-19: ‘My trip is not as important as someone else’s health.’

Expedia withdraws 2020 guidance it provided a month ago as COVID-19 has spread significantly since thenOnline travel services company Expedia Group Inc. said it was withdrawing the 2020 financial guidance it provided in mid-February, citing the growing impact of COVID-19 outbreak and the resulting uncertainty regarding travel demand. The company said it now expects the negative impact of COVID-19 on first-quarter adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to be greater than the $30 million to $40 million range provided when it reported fourth-quarter results on Feb. 13. "As COVID-19 has rapidly spread from Asia to Europe and North America over the past few weeks, travel trends have continued to worsen," said Chairman Barry Diller and Vice Chairman Peter Kern in a statement. "It remains difficult to predict how long this pandemic will persist, and given the lack of visibility on our trends we've decided to withdraw our 2020 guidance." The stock rose 4.6% in premarket trading. It had tumbled 41.2% over the past month through Thursday, while the S&P 500 had lost 26.5%.

These stocks sank the most during Thursday’s rout, with declines of up to 53% Cruise-line and energy shares lead the drop during a big selloffCruise-line and energy shares lead the drop during a big selloff.

These U.S. stocks fell the most after the coronavirus was upgraded to a pandemic Boeing was the worst performer in the Dow after alarming investors by taking action to secure its liquidityBoeing was the worst performer in the Dow after alarming investors by taking action to secure its liquidity.

Delta, JetBlue and 15 other airlines are dropping flight change fees because of the coronavirus outbreak Some airlines are waiving fees for all flights, while others are focusing on flights to regions heavily impacted by the outbreakSome airlines are waiving fees for all flights, while others are focusing on flights to regions heavily impacted by the outbreak.

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